[ad_1]
MPs have drafted a letter to the Treasury calling for a assessment into the “poor dealing with” by the FCA of the Woodford scandal.
Bob Blackman, chair of the all-party parliamentary group on private banking and fairer monetary providers, is predicted to ship a letter to Bim Afolami, financial secretary to the Treasury.
The group is now calling on folks to grow to be co-signatories of the letter and say greater than 300 supporters have signed up to this point.
It’s set to name on Afolami to “clarify to the Metropolis minister why so many Woodford buyers really feel terribly let down by the FCA, and what might now be achieved to assist guarantee Woodford buyers are lastly handled pretty and justly”.
It stated potential outcomes might embrace a debate in parliament, and/or an impartial inquiry concerning the Woodford scandal.
The invitation to grow to be a co-signatory stated: “[The Woodford scandal] has shocked so many individuals’s confidence within the regulatory framework that’s supposed to guard client pursuits; and a scandal that’s inflicting many individuals to query the efficiency and even perhaps the integrity of the Monetary Conduct Authority.”
[ad_2]
Source link